Sheetz partners with Flexa for cryptocurrency payment.
In a statement, convenience store chain Sheetz announced that it accepts payments in cryptocurrencies, including bitcoin (BTC).
The channel will offer this new payment method via the Flexa payment network. The latter formalized the partnership via Twitter.
Sheetz now accepts cryptocurrency from its customers inside the store or at the gas station. Besides bitcoin, Sheetz also accepts Ether (ETH), Litecoin (LTC) and Dogecoin (DOGE).
In practice, Flexa makes it possible to convert a consumer's cryptocurrency into US dollars in real time for payment to the retailer. This therefore facilitates the use of cryptocurrencies for payments in stores.
On this topic, Linda Smith, Payments Manager at Seetz said:
“We are constantly innovating and exploring new offerings to really give our customers what they want, when they want it, 24/7; this includes accepting many forms of payment. We are very happy to work with Flexa to set up support for cryptocurrencies. "
Sheetz will begin accepting cryptocurrency at some of its cafes this summer, with a rollout expected later this year for gas stations.
The Sheetz network is huge. It has more than 600 stores in Pennsylvania, North Carolina, Virginia, West Virginia, Ohio and Maryland. In addition, Sheetz customers will be able to link their “My Sheetz Rewardz” loyalty account when paying through Flexa-compatible applications.
For the channel's co-founder, Trevor Filter, there are tangible benefits to accepting payment in cryptocurrency.
“Not only does this lead to reduced fraud and cost savings, but also a better and more mobile customer experience. "
In addition to the speculation that there may be around the cryptocurrency market, we must not forget the technology behind certain projects, including the means of payment. These can be interesting to exploit and test for traders.
For some time now, some companies have also been trying to make this shift. For example, the Big Data giant Palantir, which now accepts payments in bitcoin, or the auction house Sotheby’s. The enthusiasm will certainly continue in the future.
